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                                                                     EXHIBIT 4.8

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "ACT"), OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED, SOLD
OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A
REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO SUCH NOTE, OR DELIVERY OF AN
OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER OF THIS NOTE
THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE WITH
THE ACT AND APPLICABLE STATE SECURITIES LAWS.

                                 PROMISSORY NOTE

$250,000.00                                             Laguna Hills, California

      November 25, 2002 FOR VALUE RECEIVED, eLiberation.com Corporation, a
Delaware corporation ("Borrower"), promises to pay to Frastacky Associates,
Inc., an Ontario, Canada corporation ("Lender"), or order, the principal amount
of Three Hundred Fifty Thousand Dollars ($250,000.00), with interest from the
date hereof on the unpaid principal balance under this Promissory Note (this
"Note") at the rate of ten percent (10%) per annum (on the basis of a 365-day
year and the actual number of days elapsed). The principal amount of this Note
together with all accrued but unpaid interest shall be due and payable on
January 15, 2003 (the "Maturity Date", subject to extension as provided below).
(As used herein, "Lender" shall refer to the then current registered holder of
this Note.)

      In order to induce Lender to accept this Note, Borrower hereby makes the
following representations:

            1.    To the best knowledge of Borrower, there is no litigation
      pending or threatened against Borrower except for immaterial (less than
      $25,000) litigation or threats of litigation in the ordinary course of
      Borrower's business.

            2.    To the best knowledge of Borrower, all information and
      documents provided to Lender by or on behalf of Borrower, including
      unaudited financial statements, are complete and accurate as of the date
      thereof.

            3.    The execution and delivery of this Note and any document
      executed as a part of the transaction between Lender and Borrower
      contemplated hereby shall not constitute a breach of or a default under
      any agreement or understanding to which the Borrower is a party.

            4.    Borrower will use the proceeds of this Note only to pay
      Borrower's trade payables and regular payroll obligations.

            5.    Borrower's offices are located at 24422 Avenida de la Carlota,
      Suite 120, Laguna Hills, California 92653.

            6.    Borrower is a corporation duly organized, validly existing,
      and in good standing under the laws of the State of Delaware. Borrower is
      duly qualified to do business in the State of California. This Note, and
      all documents executed as a part of the transaction between Lender and
      Borrower contemplated hereby, have been duly authorized and approved by
      Borrower and are legal and binding obligations of Borrower according to
      their terms.

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            All dollar amounts described in this Note are United States Dollars.
All payments under this Note shall be made to Lender or its order, in lawful
money of the United States of America and in immediately available funds
delivered to Lender at the offices of Lender at its then principal place of
business or at such other place as Lender shall designate in writing for such
purpose from time to time. If a payment under this Note otherwise would become
due and payable on a Saturday, Sunday or legal holiday, the due date thereof
shall be extended to the next day which is not a Saturday, Sunday or legal
holiday, and interest shall be payable thereon during such extension.

            This Note may be prepaid in whole or in part at any time, without
premium or penalty. Any prepayment of this Note shall be applied in the
following order: (i) to the payment of accrued but unpaid interest; (ii) to the
payment of costs and expenses provided for under this Note, and (iii) to the
payment of outstanding principal.

            No waiver or modification of any of the terms of this Note shall be
valid or binding unless set forth in a writing specifically referring to this
Note and signed by a duly authorized officer of Borrower and of Lender, and then
only to the extent specifically set forth therein.

            If any default occurs in any payment due under this Note, Borrower
and any guarantors and endorsers hereof, and their successors and assigns,
promise to pay all costs and expenses, including attorneys' fees, incurred by
Lender in collecting or attempting to collect the indebtedness under this Note,
whether or not any action or proceeding is commenced. None of the provisions
hereof and none of Lender's rights or remedies under this Note on account of any
past or future defaults shall be deemed to have been waived by Lender's
acceptance of any past due payments or by any indulgence granted by Lender to
Borrower.

            Borrower and all guarantors and endorsers hereof, and their
successors and assigns, hereby waive presentment, demand, diligence, protest and
notice of every kind and agree that they shall remain liable for all amounts due
under this Note notwithstanding any extension of time or change in the terms of
payment of this Note granted by Lender or any delay or failure by Lender to
exercise any rights under this Note.

            This Note has not been registered under the Act or the securities
laws of any state, in reliance upon exemptions from registration or
qualification. This Note is subject to restrictions on transferability and
resale, and may not be hypothecated, pledged, transferred or sold except as
permitted by registration or exemption under applicable federal and state laws.
This Note is transferable only if Lender supplies evidence satisfactory to
Borrower (which may include opinion of counsel from a law firm acceptable to
Borrower) that Lender has complied with the appropriate registration
requirements or that such registration is not required. This paragraph is
applicable only if, and to the extent that, this Note is subject to the Act or
the securities laws of any state.

            Unless proper notice of transfer has been received by Borrower,
Borrower may deem and treat the person in whose name this Note is registered as
its absolute owner for the purpose of receiving payments of interest and
principal, and for all other purposes.

This Note is secured by that certain written Security Agreement dated August 15,
2001 ("Security Agreement"), pursuant to which Borrower granted Lend a security
interest in

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substantially all of the assets of Borrower, then owned or thereafter acquired,
and all proceeds thereof, and has been duly perfected by the filing of a UCC
Financing Statement with the Secretary of State of Delaware on August 24, 2001
and with the Secretary of State of Delaware on August 24, 2001. This Note is an
Obligation and future indebtedness of Borrower to Lender as described in the
Security Agreement. As a further inducement to Lender to accept this Note,
Borrower represents and warrants that (a) Borrower has not granted to any person
any lien against any of Borrower's assets which is senior in priority to the
lien in favor of Lender pursuant to the Security Agreement, (b) no person has,
has asserted, or has threatened, any lien, claim or encumbrance against any of
Borrower's assets which is senior in priority to the lien in favor of Lender
pursuant to the Security Agreement, (c) the principal amount of the UCC liens
against Borrower's assets which is junior in priority to the lien in favor of
Lender pursuant to the Security Agreement does not exceed $230,000, and (d)
Borrower is not in default under any of the obligations which are secured by
liens against Borrower's assets which are junior in priority to the lien in
favor of Lender pursuant to the Security Agreement.

            The following shall each constitute an Event of Default under this
Note: (a) the failure to make any payment of principal or interest when due, (b)
the dissolution or liquidation of the Maker, (c) any breach or default under the
Security Agreement, (d) Maker is not generally paying its bills as they come
due, (e) any representation or warranty by Maker contained in this Note is not
(or is no longer) true, (f) the filing of a petition by or against Maker under
the United States Bankruptcy Code as amended from time to time, or similar law;
(g) the appointment of a receiver, trustee, custodian or liquidator of or for
any part of the assets or property of Maker, or (g) Maker makes a general
assignment for the benefit of creditors. If any Event of Default occurs, then
the holder of this Note, at holder's option, may declare all sums of principal
and interest outstanding hereunder to be immediately due and payable.

            If a court of competent jurisdiction finds that the terms of this
Note violate any applicable usury law, then the obligation to pay interest on
this Note shall be reduced to the maximum legal limit under applicable law
governing the interest payable in connection with this Note, and any amount of
interest paid by Borrower that is deemed in excess of the maximum interest rate
that could be paid at such time shall be deemed to have been a prepayment of
principal (without penalty) on this Note.

            This Note shall be governed by and construed in accordance with the
laws of the State of California, without giving effect to the principles thereof
relating to conflicts of law; provided, that, Lender reserves any and all rights
it may have under federal law.

            This Note does NOT amend, restate or supercede any obligation,
agreement or understanding between Borrower and Lender, including but not
limited to that certain Promissory Note dated August 15, 2001 in the principal
amount of $350,000, that certain Promissory Note dated October 24, 2001 in the
principal amount of $125,000, and that certain Promissory Note dated November
28, 2001 in the principal amount of $75,000.

            IN WITNESS WHEREOF, Borrower has caused this Note to be duly
executed the day and year first above written.

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eLiberation.com Corporation,
a Delaware corporation

/s/ Heath Clarke
---------------------------------
Heath Clarke
Chief Executive Officer